Investment Properties: 32 Ashcombe Park, London NW2 7QT & 152 Review Road, London NW2 7BD

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32 Ashcombe Park, London NW2 7QT & 152 Review Road, London NW2 7BD

OIEO £2,200,000 subject to contract - Freehold

  • Ideally located in Neasden, a North West London Suburb approximately 6.8 miles from Central London.
  • Both buildings are arranged as 6 self-contained studios and offer additional shared kitchen facilities.
  • Both assets are held freehold.
  • Both buildings are let to the same housing association with a rental guarantee in place on each individual room.
  • The 5 year leases have the following terms remaining:
    • Ashcombe Park – 3.9 years, expiring 20-12-2023
    • Review Road – 4.1 years, expiring 10-03-2024.
  • Total net rent received:
    • Ashcombe Park - £73,320 per annum.
    • Review Road - £73,944 per annum.
    • Total - £147,264 per annum.
  • Certificates of Lawfulness exist for the conversion of both buildings to HMO (C4 use) which were granted in 2018.
  • We are instructed to seek offers for the portfolio at £2,200,000, subject to contract or on an individual basis as follows:
    • Ashcombe Park - £1,100,000 subject to contract.
    • Review Road - £1,100,000 subject to contract.